Copying files to an internal hard drive
Advantages
The drive can be large enough to copy the files to the drive. You see the files that you have saved so you know which files were saved. The files are always accessible.
Disadvantages
It is not portable. If you do a reinstall of your data on your main drive and don't disconnect the backup drive before hand, you might accidentally touch the data on the backup drive also. To protect yourself from that happening, you have to open the case and disconnect it. Since you are manually selecting the files, you can overlook a file. This can also be time consuming. As long as the drive is connected, the drive can be infected by spyware or viruses.
There are different methods to back up. Click on them for more information.
Here are other pages that may help you as well.
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Information about moving a program to another computer
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Information about backing up files in the event the computer crashes
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There is a limit to how many files can be on the root of a drive
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When you are copying the contents of one folder to another, it may appear to be a success. However there are times that some files do not get copied over and if you don't verify the folder, you may loose some files. Click here for instructions on verifying the folder you copied and the folder you pasted the files to match.